Happy Friday everyone!
Who’s looking forward to the weekend? 
Yesterday we published a huge guide to credit cards. We’ve looked at the pros and cons of owning a credit card, as well as the different types of cards you can get.
You can read the article here 
https://bit.ly/3h3ku6J
I personally think credit cards can be an excellent financial tool, but only when used correctly!
What are your opinions on credit cards? What’s your card of choice? 
Credit cards are pretty problematic. At one end, you get free credit, cashback, perks etc. At the other end, you get stuck in a nightmare of rapidly spiralling debt. The poor subsidising the rich…
If you don’t pay back. 
Cheeky referral there 
I currently have five cards.
Amex is my card of choice.
I have 2x VISA and 2x Mastercard, so all bases covered.
Only two are used regularly, Amex and Amazon Mastercard. Both with cashback rewards.
One VISA has commission-free currency spend.
Other VISA is a 0% interest purchase offer. Used for my holiday purchases for 2020, and all refunded back to card thanks to covid 
Other Mastercard, unused, was a former 0% interest purchase credit card.
All cards paid in full each month, except the 0% one, where I make a fixed monthly payment, just above the minimum payment, while the rest of the balance sits in a 1.7% fixed rate savings account (until March 2021 anyway).
So all good.
If not in control of credit usage though, they can be very bad.
Luckily, I have never paid interest on any of my credit cards, ever! Well trained
You might want to mention section 75 protection as a benefit of credit cards.
Also good for hotels and rental payments - you don’t really want security deposits coming out of your current account, and some places will only take credit cards.
Sounds like you’ve got it all under control 
Yes good point! I’ve updated the post with this now - thanks 
